Medium acquires Glose (Expon Capital “Expon I” fund portfolio).

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Medium, launched in 2012 by Twitter co-founder Ev Williams, has been the platform of choice for public figures to air newsworthy moments. It is an open platform where 170 million readers come to find insightful and dynamic thinking.

 

Now through a new acquisition, Medium has another way to entice people to read its content and write for its network. Medium is acquiring Glose (Expon Capital “Expon I” fund portfolio), social reading platform where people can discover, read, highlight thousands of books, and engage with other readers through shared annotations.  Glose is available for iOS, Android, as well as on the web. You can also read all materials offline and are not limited to wi-fi connection spots. 

 

Glose’s 20 employees, most of whom are based in Paris, will join Medium. Glose CEO Nicolas Princen will become vice president of books at Medium, according to CNN.

 

This successful exit is not the only good piece of news from the Luxembourg-based VC. Their HRtech Digital Tech Fund portfolio company Nexten.io, has just raised a new round of financing. 

 

Nexten.io is the leading recruitment platform for developers and tech experts looking for on site, remote and freelance opportunities across Europe. On nexten.io, you can connect directly with CTOs of the best tech companies and get a better tech job. 

 

EUR 1.4 million will help to target the ambition of a turnover of EUR 650.000 in 2021 and of successful year in French market. 

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